Qualys Inc. (NASDAQ:QLYS) insider Sumedh S. Thakar sold 1,600 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $38.76, for a total transaction of $62,016.00. Following the completion of the sale, the insider now owns 57,335 shares in the company, valued at approximately $2,222,304.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Qualys Inc. (NASDAQ:QLYS) opened at 38.05 on Thursday. Qualys Inc. has a 52 week low of $16.96 and a 52 week high of $39.74. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 79.27 and a beta of 1.08. The firm has a 50 day moving average of $36.66 and a 200 day moving average of $31.06.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $48.50 million for the quarter, compared to analyst estimates of $48.01 million. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. Equities analysts predict that Qualys Inc. will post $0.79 earnings per share for the current fiscal year.
QLYS has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, August 9th. Wunderlich upgraded shares of Qualys from a “hold” rating to a “buy” rating and upped their target price for the company from $31.00 to $43.00 in a research note on Tuesday, September 13th. DA Davidson restated a “hold” rating on shares of Qualys in a research note on Sunday, September 18th. Finally, Summit Research reiterated a “hold” rating and set a $30.00 price objective on shares of Qualys in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Qualys has an average rating of “Hold” and an average target price of $34.00.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock valued at $38,442,000 after buying an additional 901,656 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock valued at $4,836,000 after buying an additional 35,223 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in Qualys during the second quarter valued at about $205,000. A.R.T. Advisors LLC bought a new stake in Qualys during the first quarter valued at about $1,374,000. Finally, BNP Paribas Arbitrage SA raised its stake in Qualys by 121.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,740 shares of the company’s stock valued at $231,000 after buying an additional 4,243 shares in the last quarter. Institutional investors own 70.28% of the company’s stock.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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